Net Asset Value(s)

The company announces the following unaudited data                                 
as at 20 February 2009 - Using BID Valuations                                      
NAV per ordinary share (excl current year income) with debt at par value    517.92p
NAV per ordinary share (excl current year income) with debt at market       515.08p
value                                                                              
NAV per ordinary share (incl current year income) with debt at par value    547.35p
NAV per ordinary share (incl current year income) with debt at market       544.51p
value                                                                              
For more information please visit our website at                                   
www.templebarinvestments.co.uk/